Jmn Ventures LLC
Jmn Ventures LLC is located in Knoxville, TN, and the SBA lists its industry as Couriers and Express Delivery Services. It was approved for an SBA 7(a) loan of $500,000 for a change of ownership on March 11, 2025.
SBA 7(a) loan, change of ownership, approved Mar 11, 2025
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 11, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,747 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 492110, Couriers and Express Delivery Services
- Project location
- Knox County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Couriers and Express Delivery Services: $1,263,343.
- Average acquisition loan in Tennessee: $1,738,925.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Tennessee
- The UPS Store Maynardville, Knoxville
- 1st AMGM Logistics Inc., Gallatin